Issue - meetings

That:

1)        the outturn position of the revenue budget and the level of balances in respect of the General Fund, Housing Revenue Account, Schools’ Block and the Authority’s investment portfolio be noted;

2)        the General Fund carry forward requests of £878k, as set out in Appendix B to the report, be agreed.

The Executive considered a report setting out the outturn position of the revenue budget, which included a number of carry forward requests.

The Executive Member for Finance highlighted that the outturn position showed that the general fund was underspent leaving a balance of £9.2m, the Housing Revenue Account had an underspend giving rise to a balance of £5m and the Schools’ Block by £0.5m.  These figures were, of course, subject to confirmation from External Audit.

RESOLVED that:

1)        the outturn position of the revenue budget and the level of balances in respect of the General Fund, Housing Revenue Account, Schools Block and the Authority’s investment portfolio be noted;

2)        the General Fund carry forward requests of £878k, as set out in Appendix B to the report, be agreed.